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Newcastle Intermediaries boosts 80% LTV range

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  • 30/05/2017
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Newcastle Intermediaries boosts 80% LTV range
Newcastle Intermediaries has launched a range of fixed-rate products for first-time buyers and homemovers for those with a 20% deposit.

Fixed for two years, borrowers can access a fee-free rate of 2.05% which comes with a £200 cash incentive.

For borrowers who wish to fix for longer, a three and 10-year deal have been added to the 80% loan-to-value (LTV) range.

The three-year fixed rate of 1.85% has a fee of £999 while the 10-year deal, priced at 3.29%, is fee-free and offers the £200 cash incentive.

HSBC remains the market leader for two and three-year fixed rates at 80% LTV, with deals priced at 1.24% and 1.64% respectively. Both HSBC’s deals have a completion fee of £999.

Newcastle’s latest additions allow borrowers to overpay by 10% of their mortgage balance per year, over and above the existing policy which allows £499 regular monthly overpayments.

Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries. said: “In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”

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